Code of Self-Discipline

In March 2005, Borsa Italiana promoted the establishment of a Committee for corporate governance, strongly representative of Italian entrepreneurial activity and the participants in the markets, in order to redraft the principles of good governance (already codified in the preceding Code of Self-Discipline of Listed Companies published in 1999 and revisited in 2002) in light of the evolution in best practices, taking into account the changed national, Community and international legislative framework (the “Code”).

In 2006, 2010, 2011, 2014, and most recently 2015, the Committee updated the Code in order to ensure that it was in line at all times with developments in best practice as well as the legislative framework in force. The Code is available in its latest edition, dated July 2015, on the Italian Stock Exchange website at:
Ansaldo STS with resolution of the Board of Directors of 19 December 2006, subscribed to the Code of Self-Discipline adopted by Borsa Italian in March 2006, completing the adaptation to the requirements contained therein during 2007.

Following this, as part of the ongoing process of ensuring that Ansaldo STS S.p.A.'s governance model is line with the Corporate Governance Code for Listed Companies, on 18 December 2012 the Board of Directors resolved to make any amendments that the governance model called for in order to properly and fully implement the principles and application criteria recommended in the new edition of the code published in December 2011.

Detailed information sheet on the corporate governance of the Company as well as on the application and the instruments of implementation of the Code of Self-Discipline are contained in the special Annual Report on corporate governance which also contains the information requested by Art. 123-bis of the TUF.